He was one of our best and most experienced manufacturers, and his decision was so strongly in its favor that he induced his company to erect Bessemer works.

He was quite right, but just a little in advance of his time.

The capital required was greater than he estimated.

More than this, it was not to be expected that a process which was even then in somewhat of an experimental stage in Britain could be transplanted to the new country and operated successfully from the start.

The experiment was certain to be long and costly, and for this my friend had not made sufficient allowance.
At a later date, when the process had become established in England, capitalists began to erect the present Pennsylvania Steel Works at Harrisburg.